China's fixed-asset investment up 5.7% in first 10 months

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China's fixed-asset investment (FAI) rose by 5.7 percent in the first 10 months of the year, accelerating from 5.4 percent for the January-September period, data showed Wednesday.

This marks the second consecutive month of a growth rebound for China.

On a monthly basis, FAI edged up 0.44 percent from September, according to data from the National Bureau of Statistics (NBS).

In breakdown, investment in infrastructure increased by 3.7 percent in the first 10 months, slightly up from 3.3 percent for the January-September period. FAI in high-tech manufacturing and equipment manufacturing jumped 16.1 percent and 11.1 percent during the period, respectively.

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Private investment rose at a faster pace than the overall growth. FAI by the private sector expanded by 8.8 percent year-on-year in the first 10 months, compared with 8.7 percent in the first nine months.

Investment in property development rose by 9.7 percent year-on-year for the January-October period, slightly down from 9.9 percent during the first nine months, according to NBS data.

Housing sales measured by floor area grew by 2.2 percent during the period, with the growth down from 2.9 percent for the January-September period.

Source(s): Xinhua News Agency